The low unemployment rate shown in Friday's jobs report added to evidence of a booming economy, now in a record eighth straight year of monthly job gains. It also showed the labor market continuing to tighten, perhaps eventually pressuring companies to pay workers more.

Former President Barack Obama said that Republicans and President Donald Trump may be taking too much credit for the strength of the US economy. "So when you hear how the economy is doing right now let's just remember when this recovery started," Obama said.

The US jobs report released Friday showed that wages increased in August at their fastest year-on-year pace since the Great Recession. The report also showed that employers added more nonfarm payrolls than had been forecast, while the unemployment rate remained at an 18-year low of 3.9%.

The US manufacturing sector has added 327,000 jobs in the past 12 months, the highest number of jobs added in a 12-month period since April 1995. The boom comes after President Donald Trump promised to bring back US manufacturing.